Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

IOREBA panel tackles changes and challenges in N.J. commercial real estate

No matter the asset class, commercial real estate in New Jersey is changing in a big way.

That was the message of industry leaders earlier this week as some 350 owners, brokers and other professionals gathered for the annual Developer’s Night hosted by IOREBA, or the Industrial and Office Real Estate Brokers Association.

Union County apartment sales total $15.4M

Nearly 130 apartments in Union County have changed hands for a total of more than $15 million under two separate transactions brokered recently by The Kislak Co. Inc.

Meridian arranges $26.6M refinance for Sayreville rental project

A developer is refinancing a newly built apartment complex in Middlesex County with the help of a $26.6 million loan brokered by Meridian Capital Group, the firm said Monday.

Gebroe-Hammer touts nearly $30M in Essex County trades

More than 300 apartments have changed hands in eastern Essex County under two recent portfolio sales brokered by Gebroe-Hammer Associates, the firm said Monday.

All business: A decade later, Woodbridge mayor still has economic development at the top of his agenda

Since taking office in late 2006, Woodbridge Mayor John McCormac has emerged as one of the most development-friendly and pro-business mayors in all of New Jersey. He and his economic development team can boast a record that includes two new power plants, millions of square feet of warehouse space and dozens of new retailers, banks and eateries that have opened during that time.

McCormac: Sharing the benefits of redevelopment with school district is ‘common sense’

Woodbridge Mayor John McCormac is proud of the fact that, for all of the administration’s payment in lieu of taxes agreements with developers over the past decade, not one project has impacted the school system.

But Town Hall is still making sure that the school system is benefiting.

JLL: New Brunswick redevelopment has flexible design for tenants to ‘make a statement’

New Brunswick Development Corp. expects to begin site construction next month at a planned 1.7 million-square-foot redevelopment project in the heart of the Middlesex County seat.

KRE, Avenue Realty Capital acquire Union County apartments for $70M

KRE Group and an investment partner have paid $70 million to acquire a 228-unit rental community in Springfield, marking its latest step to grow its value-add multifamily business.

Kislak inks sale of development sites in Jersey City hot spots

The Kislak Co. Inc. has brokered separate land sales totaling nearly $12 million in two of Jersey City’s most active neighborhoods for development, the firm said Thursday.

Developer marks milestone at new Jersey City rental project

Fields Construction Co. has completed vertical construction at a project that will deliver 255 new high-end apartments to Jersey City’s Paulus Hook neighborhood, the firm said Thursday.